Posted by aditi on 11:04:00 with No comments
Crudeoil trading range for the day is 3566-3644. Crude oil dropped as prices remained under pressure from a stronger dollar and rising U.S. shale oil output. Rising U.S. output has helped boost domestic crude and fuel inventories to record highs. US crude oil exports rose to a record 1.03m barrels last week but the remarkable thing is the on-week gain was ~81%, largest since June 2014 .
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